Daily Juice
We raised $600.000 in 24 hours 😱!
Herconomy Updates
We Did A Thing! And it was awesome.
The Herconomy story: Instagram page to fintech raising $600k in 24 hours
Over the years, different reports on Africa’s digital economy have shown a steep gender divide. Be it access to the Internet, financial services, or startup funding opportunities. Read more…
Lightbox Session; Let’s talk about Loans, a necessary evil or Business Savers?
How often have you tried to access funds as a business owner?
Getting loans to run businesses could be pretty scary! And aside from opportunities like the Enterprise Challenge, accessing funding for startup businesses is usually from savings and family help.
However, with proper education, there is a lot to be said for SME loans.
And our speaker today will be educating us on the matter.
Genevieve Chidera Marizu is a Medical Physiologist, Author and the Creative Director of Genevieve's Cakeworld.
She is passionate about learning, teaching and impacting the lives of people. She hails from Imo State and Resides in Rivers State in Nigeria.
With her gifts and talents, she desires to educate women and millennials about their finances and the impact of loans on them.
We can't wait to see you in class as we learn from Genevieve with her real-life experience.
Join us on ZOOM by 8 pm today, Thursday 2nd of December.
Local Stories
Electoral Act: INEC breaks silence on Buhari’s letter
The Independent National Electoral Commission has broken its silence on a letter written to it by the President, Major General Muhammadu Buhari (retd.), over the contentious Electoral Act Amendment Bill. Read more…
Lagos hoodlums hack NURTW boss at home, shoot him dead in hospital
A leader of the National Union of Road Transport Workers in Lagos State, Kunle Ajibade, has been murdered by suspected hoodlums in Ijeshatedo, in the Surulere area of the state. Read more…
External reserves lost $610m in Nov, CBN battles to save naira
The nation’s external reserves fell by $610m last month, figures obtained from the Central Bank of Nigeria on Thursday revealed. Read more…
N6.9bn fraud: Fayose’s associate deposited N209m cash for property, says witness
A prosecution witness, Mrs Joanne Tolulope, in the trial of former Ekiti State Governor, Mr Ayodele Fayose on Wednesday told a Federal High Court sitting in Lagos how Mr Abiodun Agbele, an associate of Fayose bought properties worth N1.3bn within four months. Read more…
Nigeria can benefit from energy transition – Shell boss
The Country Chair of Shell Companies in Nigeria, Mr Osagie Okunbor, has said Nigeria is well positioned to benefit from the current energy transition with its abundance of natural fossil fuels and renewable solar energy. Read more…
Umahi earmarks N89.7bn for capital projects, proposes N145bn budget
The Ebonyi State Governor, David Umahi, on Wednesday, presented the 2022 Appropriation Bill of N145,41bn to the state House of Assembly. Read more…
Buhari jets out to Dubai, UAE, to attend EXPO 2020
President Muhammadu Buhari will on Wednesday (today) depart Abuja for the United Arab Emirates (UAE), to attend EXPO 2020 in Dubai. Read more…
International Stories
Covid: South Africa new cases double in 24 hours as Omicron spreads
Health officials say the new coronavirus variant Omicron has now become dominant in South Africa and is driving a sharp increase in new infections. Read more…
Peng Shuai: WTA announces immediate suspension of tournaments in China
The Women's Tennis Association has announced the immediate suspension of all tournaments in China amid concern for Chinese tennis player Peng Shuai. Read more…
Meghan, Duchess of Sussex, wins latest court battle with UK newspaper publisher
A UK court has upheld a ruling in favor of Meghan, Duchess of Sussex, as part of her litigation against a newspaper publisher which reproduced parts of a private letter she sent to her father Thomas Markle in August 2018. Read more…
Alec Baldwin: 'I didn't pull the trigger' of gun on 'Rust' set
Alec Baldwin told ABC News he never pulled the trigger of the gun that shot director of photography Halyna Hutchins on the set of "Rust." Read more…
Tech Updates
Octamile secures $500k pre-seed to offer digital infrastructure for insurance providers in Nigeria
Octamile, a startup that offers infrastructure solutions for the provision of digital insurance in Nigeria, has secured $500,000 in pre-seed funding to launch fully, after building in stealth over the past few months. Read more…
MTN Nigeria issues 575m shares through digital public offer
Nigeria’s biggest telco, MTN Nigeria, has announced that starting from Wednesday, 1 December 2021, read more…
How Herconomy raised a $600,000 pre-seed round in 24 hours
Herconomy, a startup empowering women through financial services, capacity building, jobs, and networking, has announced the close of a $600,000 pre-seed round to expand the product offerings on their platform. Read more…
Business Matters
Omicron: Canada-bound Nigerian travellers decry travel ban on Nigeria
Canada-bound Nigerian travellers have expressed disappointment in the travel ban issued by the Canadian government on travellers from Nigeria following... READ MORE
Leading credit infrastructure company, Creditclan, partners banks, officially pivots to BNPL
With the Buy now pay later (BNPL) category gaining momentum in the credit ecosystem across Africa, leading credit infrastructure startup, Creditclan, yesterday announced its pivot into the BNPL space after a successful six months beta period wherein they transitioned from credit software-as-a-service to BNPL platform. Read more…
United Airlines flies passengers with 100% sustainable fuel
United Airlines will on Wednesday operate an unprecedented flight that would serve as a turning point in the aviation industry’s effort to combat climate change. Read more…
Infrastructure, education top as Obaseki proposes N214.2bn budget
The Governor of Edo State, Godwin Obaseki, on Wednesday, presented a budget proposal of N214.2bn for the 2022 fiscal year to the state House of Assembly for consideration and approval. Read more…
Naira closes flat as Omicron Covid variant pushes crude oil prices below $70
The exchange rate between the naira and the US dollar closed at N415.07/$1, for the six straight days at the official Investors and Exporters (I&E) window. Read more…
MTN Nig loses over N386.74 billion in market cap following public offer announcement
At the end of today’s trading session, MTN Nig Plc share price depreciated by 10.00% to close at N171.00 per share, taking the market capitalization from N3.87 trillion to N3.48 trillion. Read more…
Court sets aside contempt suit by Rites Food against Nigerian Bottling Company
A Lagos division of the Federal High Court has set aside the committal proceedings by Rites Foods Ltd against the Nigerian Bottling Company (NBC) on alleged trademark infringement. Read more…
NNPC partners IPPG to boost industry reforms
The Nigerian National Petroleum Company Limited has stated it is imperative to collaborate with the Independent Petroleum Producers Group, to ensure the industry is well positioned to seize opportunities and minimize any adverse impact. Read more…
U.S dollar drops in major markets as Omicron takes centre stage
On Thursday morning in London, the dollar was slightly down amid profit-taking while the yen, another safe-haven asset, remained close to a seven-week high. Read more…
2 million metric tons of rice smuggled annually into Nigeria – Senate
The Senate Committee on Agriculture has announced that 2 million metric tons of rice is being imported or smuggled into Nigeria annually. The Committee also revealed that the production of milled rice in Nigeria was estimated to amount to five million metric tons. Read more…
Metro
Wizkid, Burnaboy, Davido lead Spotify’s 2021 top artists
WizKid, Burna Boy, Davido and Olamide led Nigeria’s top artists in 2021. Read more…
Adekunle Gold announces ‘Catch Me If You Can’
The Sinner crooner announced a new album through his social media. Read more…
Halle Berry signs multi-title deal with Netflix as 'Bruised' hits No 1 on streamer
The Academy award-winning actress launched her directorial debut on the streamer in November. Read more…
Quote of the Day
“Keep calm and carry on.”